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Ruchika Bhalla

Ruchika Bhalla
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Top Best Fish To Keep In Your Home Aquariums

By
Ruchika Bhalla
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Top Best Fish To Keep In Your Home Aquariums

Searching for a small upswing to a new or existing freshwater aquarium?  It’s important to keep in mind that inaugurating and conserving an aquarium can take some tasks, but some fish are much simpler to start with than others. Here are some of the nicest beginner fish to reckon.

Before combining new fish varieties, do your study completely to make sure the environmental parameters harmonize and they have similar compatibility. All fresh fish should be quarantined in a different tank with separate equipment for 4 to 6 weeks to avoid the spread of the infection.

GoldFish

These are some of the extensively popular types of fish that come in numerous pigments and sizes. These are excellent for beginners who originally have an unheated aquarium. They are the most pleased in temperatures between 62-74 degrees Fahrenheit. GoldFish are quite uncomfortable and accordingly 10% of the water should be improved every week.

Danios

Danios are perfect for the first choice in the aquarium as they can survive in a variety of conditions. They are tiny and chirpy and therefore love hanging out in groups near the rim of the aquarium. They are not even choosy with food! They catch attention because of their bright horizontal stripes and their movement near the surface of the water.

Black Skirt Tetra

Black Skirt Tetra is a very calm and friendly fish that needs to be kept in groups or at least in a pair. They are very foodie which is the best part about them and can eat almost everything you give them! As they are peaceful and calm, they need a few hiding places for their alone time. So place some rocks and plants as their hideaways! You will often see them in the middle of the tank.

Platies

Platies have numerous varieties from which you can choose. They are very social by nature and adjust with other fish in the aquarium. They are live-bearing fish which results in giving birth to young ones quite frequently. But sadly, their off-springs are eaten by other fish in the tank. Since they come in a variety of colors, they are bred in different combinations to produce bright and vibrant young ones! They like freeze-dried food. But the amazing part about them is still left! They consume algae which sometimes develop in the aquariums ultimately cleaning it.

Neon Tetras

Neon Tetras (Paracheirodon innesi) are one of the most famous freshwater aquarium fish. They have pearlescent blue bodies and a glossy red stripe commencing midway down their body. They choose a bunch of plants to defend themselves in, and adding driftwood and rocks will duplicate the natural environment that they are adapted to in the clear streams of South America. Neon Tetras develop to approximately 1.25 inches lengthy and are very gentle. They flourish when kept in schools; you can fit around 10 in a 10-gallon tank.

Pygmy Corydoras

The Pygmy Corydoras (Corydoras pygmaeus) fish is a small, friendly pet that should be preserved in groups of approximately 10 fish. They have a varicolored covering with a horizontal black line that runs from their nose to their tip. These freshwater aquarium fish want densely farmed tanks and a bunch of hiding areas. You can utilize wide-leaved plants and driftwood to establish hiding areas. They also require a sandy substrate to conserve their barbels. These fish need weekly one-sided water modifications because they are so sensitive to nitrate levels.

Betta Fish

Bettas (Betta splendens) are another outstanding fish for freshwater aquariums. They come in a broad diversity of vibrant pigments and are extremely simple to look after. Ideally, they should be restrained singularly, although relying on the nature of your Betta, they may be adequate for a community tank if they are friendly enough. These fishes should not be kept with species that look identical (for example, fancy guppies, which have comparable flowing fins). Several people keep these fish in tiny containers, however, they should be conserved in a planted tank having a filter.

Modern decorative Ideas that can help you to enhance the grace of your living room

By
Ruchika Bhalla
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Modern decorative Ideas that can help you to enhance the grace of your living room

Do you find your living room a dull place? Is your living room decor in desperate need of a refresh? Whether you haven’t redecorated in a decade or just need a simple trick to brighten an outdated sofa, these surprising living room decor ideas will revamp your area. Obtaining some of the nicest decor ideas from architects and bloggers, we’ve collected a list of the extensively inspiring manners to revitalize your living room. Whether you are supposed to add a pop of pattern or select the scene with an eye-catching area carpet, these pre-approved tips will develop a stylish, pleasing living room you’ll want to live in.

So, here are some easy decorating tips for the living room to spice it up in an all-new way!

Bold colours

It’s utterly significant to drop old-school ideas of the colour of the walls. White, being the most familiar of them, dulls up the whole feel. Go for bold complexions like red or soothing colours like blue for an enthusiastic effect. This will also immediately fascinate your visitors!

Play with Patterns

Feeling worried about choosing a pattern for your living then don’t worry you only have to follow the latest and trendy patterns. You can choose a pattern that suits your wall and matches your sofa set or carpet.

Wallpapers are impressive

If you still haven’t gotten used to the idea of beautiful wallpapers on at least one wall of the living room, then you should immediately go for that. It is Reasonable to purchase, simple to conserve, and wonderful to look at. Wallpapers are the most ‘in’ thing this season! Floral or geometric, 3d or abstract, buy them with various designs available and transform the look of your living room!

Doormats are must

Whenever you enter a place, is it your foot that you set in first? And if that footfall on a beautiful thing, the first impression is everlasting! Yes, you got that right! We are talking about the carpet! An impressive carpet in your living room can add up to the ambiance giving it a vintage feel!

Always try something creative

If you have always been creative with handmade things, this hack is just for you! Do you have paint left from the last time you changed the wall colours? Do not throw it away! Give the old chair a new look by painting its frame with this leftover paint! Bored of the curtains? Sew fancy trims on its edge and give it a makeover! You now know what creative things to do this weekend and you can thank us later!

Try a New Sofa Shape

Not into a traditional L-shaped sectional? Try a different shape, like this subtle curved version that K Interiors used here. Not only does it look more custom, but it also creates more room for people to put their feet up and get cosy.

Try New Prints

If you are sick-and-tired with your old sofa sets after every few days and want to change them? But obviously, it is not possible because of the high costs involved. To solve this problem, you can buy some eye-catching pillow designs of pillow covers like zebra prints, polka dots, or floral prints and see your old boring sofa become young and lively!

Lamps are Life

If you only buy lamps to light up a place, then you are highly mistaken my friends! Along with lighting up the place, they serve an equally important purpose of decorating that space. Buy beautiful lamps that will make a style statement even when they are switched off!

Bring in Nature

While designing your living room you can decorate your room with naturally lightening right coming through a window or a glass. Also, you can put small natural flowers and plants in your living room.

Nirmal Jain’s advice to retail investors for investment

By
Ruchika Bhalla
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Nirmal Jain's advice to retail investors for investment

Now that e-commerce firms are high-risk high-reward game thus retail investors should stick to largecap stocks or mutual funds and should be cautious, says Nirmal Jain of IIFL

The “correction” everyone is talking about for a while now has really not happened in a distinguished manner since last one year or so where valuation of companies across segments- largecap, miscap and smallcap is touching the skies.

New record highs were listed and irregular fall quickly recovered while the last two trading sessions saw the S&P BSE Sensex losing more than 1,800 points, with the net weekly loss fixed at 1,515 points and the thrill of an impending correction has again gained the grip.

The new investors in across segments including the midcap and smallcap stage are confronting exposure which is a significant. Even the more risky penny stock arena is seeing investments.

Nirmal Jain, chairman of IIFL and a market veteran of nearly three decades, trusts that given the overall market volatility, the retail investors should focus only on well-known, fundamentally strong companies or mutual funds instead of lesser-known stocks and take unnecessary chances.

“For small investors and retail investors, it makes sense to stick to the large cap liquid stocks or very well-known mutual funds and not get into individual stocks unless you understand the stock very well, you know the company and you want to hold the stock for a long time. If all these conditions are met, only then you should try or else you are safer with the largecaps or mutual funds,” he said.

The last six months trajectory shows BSE smallcap is down by nearly 1 percent. The benchmark Sensex has gone up by nearly 22 per cent, while the BSE smallcap index has outperformed with a gain of a little over 27 per cent. In the last one month, however, the Sensex is up nearly 1 per cent,

Approach e-commerce companies with caution

Excitingly, the IIFL supremo also shares his view that investors should approach e-commerce companies with caution since stocks of the new-age sector are mostly “high-risk high-reward” in nature.

“With great caution and understanding that it is a high-risk high reward game,” Nirmal Jain commented when asked how should investors view initial public offers (IPOs) of e-commerce companies.

“The fact of the matter is that all these new companies that are going public, some will do well and some might not survive also. It could happen after five years or 10 years. Some of them may be multibagger. So, from an investor point of view, this is a high-risk high-reward game,” he added.

“So, don’t put all your money there but if you want to play the market, you are willing to take the risk then yes, otherwise avoid. If your appetite for risk is good and you are ok with high-risk high-reward (approach) then there are lot of opportunities now,” Jain said.

The near future will see a slew of IPOs by companies from the start-up space. The IPO of Nykaa will be closing on Monday, while the public issue of PB Fintech (Policybazaar) will open for subscription. The week after, the IPO of One97 Communications (PayTM) will be open for public to bid.

Most Popular trends of color schemes for your kitchen

By
Ruchika Bhalla
-

Most Popular trends of color schemes for your kitchen

The kitchen is one of the most significant areas of your living space, it certainly becomes a tough and rambling task to select the most pertinent colour scheme for the kitchen. Only some of kitchen styles’ color schemes endure the continually altering trends. Don’t be entangled with the latest and desirable kitchen that will immediately fade out and will make your home look gone out, or worse, tacky. When planning your housing formation or your next kitchen renovation, know as much about kitchen timeless compositions and choices as you can. Then choose one that will fit your individuality and tone. Here are some wonderful kitchen color plans that stood the test of time.

  1. Classic Blues and Greys

Isn’t blue loved by everybody, whether it be outfits, shoes, or cars? But that is not the only justification we preferred for this assortment. Anybody who has eternally been in fondness with the beaches and always hoped to have a house alongside the shore, this mixture will give you a similar feeling! The timeless blue and grey blend has been around for generations. The reserved vibe is neutral as it is stunning. This is one kitchen color scheme that’s not going away anytime soon.

  1. Lime, Grey, and Off White

Having a brazen and bright color dominating the kitchen can be disgusting sometimes but having little pigments of bright colors here and there can add an energetic touch to your kitchen area. Lime is the color for the kitchen when talking of bright and vibrant.  Tints of lime with neutral colors for the Kitchen like off-white and grey can formulate your dull kitchen look appearing while maintaining complexity and status.

  1. Make a Statement with Vibrant Colors

Solid colors are one of those kitchen color ideas that you must try! They are striking and help make a statement kitchen. For example, you can paint all your cabinets in blood red with a white backsplash and countertop to complement it. In this kitchen color scheme, whites and lots of natural light work as the perfect background for the crisp and dense color to stand out.

Color scheme: Cobalt blue, orchid purple, wine red, bone-white, and mango yellow

  1. White on Wood

The assortment of wooden complexions and whites is like flame and frost; wood is a warm finish while whites add a whiff of bright calmness to any area. Wooden end as a kitchen cabinet color mixture looks beautiful with white countertops and backsplashes. While wood gives composition, whites add glamor to the kitchen.

Signature red and White

Traditional and edgy. The familiar color assortment is both distinct and surprisingly refreshing. This combination of red and aqua in the kitchen looks like it is tempting people as it looks very familiar. Also, the freshness of the colours is full of youthfulness which will always give you an optimistic feeling.

Place and position your kitchen with 10 simple vastu tips

    By
    Ruchika Bhalla
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    Place and position your kitchen with 10 simple vastu tips

    The kitchen is the most important area in any home. The correct positioning, aura and structure of the kitchen is critical to ensure the wellbeing and happiness of the family living in the house. Kitchen is not only the place where meals are cooked, it is the place where the family members come together to relish the food and have meaningful discussions over the meals. After all, a family which eats together, stays together!  Here are few vastu tips of do’s and don’ts to keep in mind while planning your kitchen.

    Vastu Tips for Kitchen

    1. Correct Direction – The perfect direction considered for the kitchen is the southeast direction of the house. The entrance of the kitchen is also very important. The door of the kitchen should be on the east, west, or north side.
    2. Position of the Kitchen – The kitchen doesn’t have to share any of its walls with the washroom or the toilet as these are the places where waste is disposed. In multi-storey buildings also, the kitchen should never be made below or above the washroom/toilet.
    3. Refrigerator – Refrigerators in the kitchen must be placed 12 inches away from the corner and should be placed in the South-East direction. Since most of the kitchen appliances are related to fire they should be placed in the southeast direction. The north-east direction should completely be avoided.
    4. Gas Stoves/ Cooking ranges – The stove is one of the most essential parts of the kitchen and it represents the fire element thus it should be placed in the southeast corner of the kitchen. Also, the person while cooking should be facing the east direction
    5. Sinks/Washbasins/Taps – These symbolizes flowing water and should always be kept in the northeast direction opposite the gas stove. Also, the sink and stove should never be kept beside each other as the opposite elements and repel each other.
    6. Windows – Windows should be placed in the east direction. You can add the exhaust fans to the windows to keep your kitchen ventilated and breathable. Else separate exhaust fans should be installed in the southern direction of the kitchen.
    7. Storage – Kitchen needs a lot of storage space. According to the Vastu principle, storage shelves and cupboards should be fitted in the southern and western walls of the kitchen. Two directions you should avoid are the northern and eastern walls.
    8. Drinking Water – According to Vastu Shastra, the placement of the drinking water is very important. Water bottles, R/O purifiers, earthen pot, or any water-related vessels should be kept in the northeast direction.
    9. Electronic Appliances – All sorts of kitchen electrical appliances must be kept in the south or south east. North east direction should be totally avoided.
    10. Colour – The colour on your kitchen walls should be vibrant such as yellow, red, green and orange as it will not only make your kitchen Vastu compliant but also improve the look of your kitchen and make it trendier.

    Another important Vastu tip for kitchen – If you have your dining table inside the kitchen then try having at least one meal together on the dining, it works greatly for the bonding of the family members. The most suitable direction for the dining table is the west or the north-west direction.

    These are some basic and simple Vastu tips for a kitchen. However, you are strictly advised to consult your Vastu-expert before making changes to your kitchen as the Vaastu Shastra for kitchen also works as per the location, position and direction of the kitchen.

    Invite Prosperity with these 6 Vastu Tips for your Main home Entrance

    By
    Ruchika Bhalla
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    Invite Prosperity with these 6 Vastu Tips for your Main home Entrance

    According to Vastu, the entrance should ideally face the north, northeast, east, or west, as these facilitates prosperity. The doors must open inwards in the clockwise direction. In our effort to make the space look beautiful we ignore the fact that entrance is also the gateway for all kinds of energies (positive and negative) to enter in the house. We will guide you to keep the evil away by following these basis vastu tips:

    1. Perfect Directions: Directions are the very essence of Vastu for prosperity at home and same law applies to the main entrance doors too. The perfect directions of main doors are north, east or north-east. Entrances facing south-west bring bad luck and clashes in life. Even entrances facing south-west are also deemed inauspicious as they bring health issues, court matters and agitations.
    1. Pleasing to the eyes: Once direction of the entrance is sorted, the next important aspect is beauty !

    It is always welcoming if the area in which the entrance opens up is done up beautifully and is appealing to the eyes. This resonates with the happiness and positivity. According to Vastu rule for home entrance, it should also be clean and clutter free.

    1. Size Does Matters: The size of the entrance door also plays a significant role, according to Vastu Shastra, it is desirable to have the length of the main door as double its width. If entrance is of the width 6 feet then the length should be 12 feet at least.
    1. Face the Crowd: The main entrance door must never face a desolated, broken down or vacant building or place. This hinders the prosperity of the family members.
    1. No Intersection: The main entrance of the home should never face intersecting roads. Intersecting roads are symbolic of conflicting ideas and thoughts, therefore, it is best to not face the intersecting roads. If not ensured, this can cause disharmony among the family members ultimately leading troubles and unhappiness among members of the family.
    1. Shadow Free: As per the laws of Vastu for the main entrances, shadow cast on the main entrance should be completely avoided even it is of trees, plants or creepers as they are considered inauspicious. During construction, please make sure that no shadow falls over the entrance of the home.

    If followed, these Vastu tips for main entrance will bring prosperity and happiness to your home. However, we also suggest seeking advice from Vastu Expert before following the Vastu Shastra as it is a science that takes into account many factors while giving you the final consult.

    Global cement and concrete makers decided to cut 25% carbon dioxide emissions by 2030

    By
    Ruchika Bhalla
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    Cement, the glue of concrete, accounts for about 7% of global carbon emissions, and the Global Cement and Concrete Association (GCCA) accounts for 80% of concrete made outside of China and some companies within China.

    Global cement and concrete makers decided to cut 25% carbon dioxide emissions by 2030

    On Tuesday, steps were laid out by the Global cement and concrete makers to cut 25% carbon dioxide emissions by 2030 and to reach zero net emissions by mid-century. This will be accomplished by relying more on carbon-free energy, good manufacturing technology, new chemistry and carbon capture.

    The glue of concrete, cement, records for about 7% of global carbon emissions, and GCCA (the Global Cement and Concrete Association) carry 80% of concrete which is generated outside of China, and some companies within China.

    Next month, to make emissions pledges, The United Nations COP26 climate conference is spurring many companies.  Previously announced goals of net zero emissions by 2050 will now be met by GCCA.

    The plan includes finding and substituting more alternatives to clinker, a binder of cement, more use of alternative fuels, new chemistry and manufacturing processes, carbon capture and storage, increased efficiency in concrete use, and pushing governments to approve new forms of concrete and buy them.

    GCCA Chief Executive, Thomas Guillot, in an interview with Reuters ahead of the announcement said that by 2030, ten industrial-scale carbon-capture plants promised in its roadmap would be constructed and paid for by members. Safety problems, regulatory issues, cost, and public acceptance will be the primary hurdles that are referred to by industry specialists around getting widely inaccessible carbon-capture technology up to sprint by 2050.

    Conversation with the government and regulators will take place observing these barriers acknowledged by Guillot. While the GCCA had taken the matter up with international bodies which also constituted the conversation related to carbon pricing.

    Guillot said, “In 10 years, we need to prove not only the technical feasibility but also the economic feasibility” of carbon capture. “We are confident this will work.”

    Industry Program Director, Jeffrey Rissman, at California-based Energy Innovation, said the blueprint received from GCCA was “surprisingly comprehensive,” praising plans for clinker substitution and the use of alternative fuels.

    But he instructed that burning plastic trash as a power source would not prohibit CO2 from getting into the environment.  A GCCA, Mexico’s CEMEX and North America’s largest concrete producer, said it was pursuing government support for its carbon capture strategies.

    It said, “Most of these pilot projects will begin operations between 2023 and 2024. All those that prove to be on the right path will go into the next stage for scaling them up.”

    Supertech moves Supreme Court to stop demolition of twin towers in Noida

    By
    Ruchika Bhalla
    -

    Supertech moves Supreme Court to stop demolition of twin towers in Noida

    In a turn of events, Supertech has approached Supreme Court to stop the demolition of the two 40-storey towers at its Emerald Court housing project in Noida. The reason they are quoting is they have come up with an alternative plan that could save several crores of rupees from going waste and also prove to be “beneficial for the environment”.

    “The applicant submits that due to the proximity of T-17 with the other towers, the applicant cannot demolish the building by blowing through explosives and the same would have to be done brick by brick,” stated Supertech’s new application which is yet to be heard by the court.

    Supertech has claimed that partial demolition of 224 flats of one of the two towers from the ground floor to the 32nd floor along with the community area on the ground floor will be sufficient to bring the structure in conformity with all the building norms. In its application for a stay order, it claimed, it would abide by the fire safety and other municipal norms in a time-bound manner.

    Supertech group chairman R K Arora confirmed the filing of the application in court. “We don’t wish to comment any further on the issue at this point,” he told HT.

    On August 31, a bench led by Justice Dhananjaya Y Chandrachud had ordered the demolition of the Supertech twin tower due to the grave violations of building norms and found to be a result of “nefarious complicity” between Noida Authority and the real estate developer.

    The builder was directed to demolition the structure within 3 months and at its own expense under the supervision of the Noida Authority and an expert body like the Central Building Research Institute.

    It was further ordered to refund money to all the present home-buyers in Emerald Court’s Apex and Ceyane towers within two months, plus an interest of 12% per annum from the date of their deposits. The developer was directed to pay out ₹2 crore to the Emerald Court Owner Resident Welfare Association (RWA), which had led the legal battle against the erection of the twin towers on a green area and in breach of the minimum distance norms.

    The two towers have total of 915 flats of which 633 were booked. Of them, 252 flat buyers still remain as 133 homebuyers have re-invested in other Supertech projects while 248 have taken a refund.

    Supertech has come up with a proposal against the order citing partial demolition of one of the towers (T-17), stating this would help maintain the prescribed minimum distance of 16 meters between the two towers both in terms of the height and length of the building, with this proposal they are seeking a modification of demolition order.

    The application added that Supertech will provide a landscape green area on the demolished portion of T-17 which will give the residents a larger green area than contemplated under the original plan of 2006.

    They have also offered to allot apartments in the revised building of T-17 for the customers wanting to retain their premise.

    “If the modifications are allowed, it would save crores of resources from going to waste inasmuch as the applicant has already put materials worth crores of rupees in the construction of the two towers. The construction of the two towers has consumed steel and cement in huge quantities apart from various other materials, including human labour amounting to several crores of rupees which shall be rendered complete waste in the form of scrap,” said the application.

    The plea application added that the proposed modification will be valuable for the environment because demolition will create debris that will have to be dumped at a landfill site that is already overburdened. “The same will add to the existing environmental issues which are already being faced by the said landfill sites, thus, further increasing the existing carbon footprint,” stated Supertech.

    The August 31 verdict by the Supreme Court had come on a clutch of petitions by homebuyers for and against the 2014 verdict of the Allahabad high court. On April 11, 2014, the high court had ordered the demolition of the two buildings within four months and the refund of money to apartment buyers. This judgment was stayed by the top court after the firm filed an appeal.

    The SC In its judgment admonished the Noida Authority for conniving with the builder for the illegal construction and held them in breach of municipal and fire safety norms. It said the 2009 sanction plan approved by the Authority was illegal since it flouted the minimum distance criteria. The top court held the plan could not have been sanctioned even otherwise without the consent of the homebuyers. It further directed the authority to take action against the officials complicit with Supertech.

    How Recent Investments Lead to High Growth Rate in Indian Real Estate Sector

    By
    Ruchika Bhalla
    -

    In recent times, the Indian real estate sector has gained high growth due to the rise in demand for office and residential spaces. It has attracted over U$ 5 billion of institutional investments in 2020, which is equal to 93% of transactions collected last year. These investments came from private equity (PE) players and VC funds and thus reaching a whopping US$ 4.06 billion in 2020. The private equity investment worth Rs. 23,946 crore (US$ 3,241 million) across 19 deals are done in the Indian real estate market in Q4 FY21. These investments grew 16x compared to Rs. 1,470 crore (US$ 199 million) in Q4 FY20. According to Knight Frank, these investments were more than 80% and 48% of the year 2020 and 2019 respectively.

    Exports from SEZs of Rs. 7.96 lakh crore (US$ 113.0 billion) done in FY20 is a factor for the investments which grew ~13.6% from Rs. 7.1 lakh crore (US$ 100.3 billion) in FY19.

    According to the Department for Promotion of Industry and Internal Trade Policy (DPIIT), it found the construction to be the third-largest sector in terms of FDI inflow. FDI in the sector (including construction development & activities) stood at US$ 50.8 billion between April 2000 and March 2021.

     Some of the major investments and developments in this sector are as follows:

    • According to JLL India, Noida represented 55% of the net increase, followed by Gurgaon at 38% in January-March 2021 quarter,
    • According to a JLL report, Delhi-NCR saw a 5% net expansion in investment of office space in the primary quarter of FY20 on a QoQ basis with 1.07 million sq. ft.
    • India’s adaptable space stock is probably going to extend by 10-15% YoY, from the current 36 million sq. ft., in the following three years, as per a report by CBRE.
    • In the main seven urban Indian Cities, housing deals increase by 29% and new project launches by 51% in the final quarter of FY21. Delhi-NCR, Mumbai, Bengaluru and Pune together represented 83% of deals in a similar quarter.
    • The micro-sectors in the Delhi-NCR area, including Noida and Gurgaon, posted a twofold digit extension in property appreciation costs with 11% and 13% growth respectively.
    • To build up a venture stage for the Indian retail mixed-use assets, in June 2021, GIC declared to get a minority stake in Phoenix Mills’ portfolio (worth US$ 733 million).
    • In May 2021, Blackstone Real Estate acquired Embassy Industrial Parks for Rs. 5,250 crores (US$ 716.49 million) to expand its presence in the country.
    • To expand into the Indian real estate market, SRAM & MRAM Group collaborated with Area CAS Developers and Infrastructure Private Limited (Area Group), and Gupta Builders and Promoters Private Limited (GBP Group) of India. It plans to invest US$ 100 million in the real estate sector.
    • Housing demand and sales in seven cities increased by 29% and new launches by 51% in Q4 FY21 over Q4 FY20, a report by Anarock.
    • Demand for residential real estate revived in Q4 FY21 as homebuyers took advantage of low mortgage rates and incentives rendered by developers. Residential sales in this quarter recovered to >90% volumes recorded in 2020 across the top seven cities.
    • Blackstone being India’s biggest private market financial investors overseeing about Rs. 3,694 crore (US$ 50 billion) of market presence in the real estate market. The organization expects contributing >Rs. 1,625 crore (US$ 22 billion) in the following 10 years in realty bid.
    • In 2021, work from home is becoming the norm reasonable houses with price underneath Rs. 40-50 lakh is relied upon to ascend in Tier 2 and 3 urban areas, prompting an increase in the costs.
    • In April 2021, HDFC Capital Advisors (HDFC Capital) cooperated with Cerberus Capital Management (Cerberus) to make a platform that will zero in on high return in the private real estate sector in India. The platform will purchase inventory and give financing support to under development private projects all over the nation.
    • In March 2021, Godrej Properties reported it would launch 10 new land projects in Q4.
    • In March 2021, Godrej Properties expanded its value stake in Godrej Realty from 51% to 100% by securing value shares from HDFC Venture Trustee Company.
    • In January 2021, SOBHA Limited’s completely possessed auxiliary, Sabha Highrise Ventures Pvt. Ltd. gained a 100% share in Annalakshmi Land Developers Pvt. Ltd.
    • In November 2020, Accor, a leading hospitality group, to launch seven new properties in India by 2022.
    • In November 2020, Prestige Estates Projects Ltd. sold a huge assortment of office, retail and lodging properties to Blackstone for Rs. 12,745 crores (US$ 1.7 billion).
    • In November 2020, Taj Group collaborated with land organization Ambuja Neotia Group to build up three new hotel projects—two in Kolkata and one in Patna.
    • The Godrej Group has forayed into the monetary services industry with Godrej Housing Finance (GHF) through which it desires to assemble a long haul and supportable retail financial service business in India, focusing on an accounting report of Rs. 10,000 crore (US$ 1.35 billion) in the following three years.
    • In October 2020, Brookfield Asset Management made monstrous interests in India through a US$ 2 billion land bargain. Brookfield will purchase 12.5 million square feet of business land resources from privately held engineer RMZ Corp. The purchase incorporates rent yielding office space and business co-working space.
    • In October 2020, Rajasthan-based realty designer, Bhumika Group, hinted at contributing Rs. 450 crore (US$ 60.81 million) in two residential and one retail project in Udaipur, Alwar and Jaipur, individually.
    • In October 2020, Australia’s REA Group Ltd. reported to procure a controlling interest in Elara Technologies Pte. Ltd, the proprietor of Housing.com, PropTiger.com and Makaan.com.
    • In September 2020, RMZ Corp. sold 12.8 million square feet of land resources for an asset oversaw by the Brookfield Asset Management for Rs. 15,000 (US$ 2 billion).
    • As per the property advisor, Anarock, India is probably going to have 100 new shopping centers by 2022. Of this number, 69 shopping centers will be constructed in the main seven city and the leftover 31 shopping centers will be in Tier 2 and 3 urban areas.
    • In March 2020, the Government supported recommendations from TCS and DLF to set up SEZs for the IT area in Haryana and Uttar Pradesh.
    • In January 2020, RMZ Corp went into a vital and equivalent association with Mitsui Fudosan (Asia) Pvt Ltd to extend its business impression.

     Government Policies and initiatives

    The Indian government and state governments have taken various initiatives to promote the development of this sector. The smart city project plans to build 100 smart cities is looked upon as an excellent opportunity for real estate companies.

    Few other important government initiatives: According to the Union budget for 2021-22, tax relief is as high as Rs. 1.5 lakh (US$2,069.89) on housing loan interest and tax allowance for affordable housing projects have been extended to the end of the 2021-22 fiscal year.

    The Atmanirbhar Bharat 3.0 package announced by Minister of Finance Smt. Nirmala Sitharaman in November 2020 includes income tax relief measures for real estate developers and homebuyers for the initial purchase/sale of residential units up to Rs. 2 crore (271,450.60 USD) from November 12 to June 30, 2021.

    The Ministry of Housing and Urban Affairs (MoHUA) launched a portal for affordable housing rental complexes.

    On October 27, 2020, the government announced the implementation of the 2016 Real Estate (Regulation and Development) Law on the territory of the Jammu and Kashmir Union. This paves the way for any Indian citizen to purchase non-agricultural land and property, where previously only local residents were eligible to purchase it.

    The government has established an Affordable Housing Fund (AHF) in the National Housing Bank (NHB) with an initial corpus of Rs. 10,000 crore (US$1.43 billion) to use short-term sector priority loans from banks/financial institutions for HFC microfinance.

    As of January 31, 2021, India has formally approved 425 special economic zones, of which 265 are already in operation. Most Special Economic Zones (SEZ) are in the IT/BPM field.

     Next Step Ahead 

    The Securities and Exchange Commission (SEBI) of India has approved a Real Estate Investment Fund (REIT) platform for all types of investors who can invest in the Indian real estate market. This creates a valuable opportunity for the Indian real estate market. It will be worth $ 1.25 trillion ($ 19.65 billion) over the next few years. In response to an increasingly informed consumer base and in view of the challenges of globalization, real estate developers in India have changed course and encountered new challenges. The most significant change is the move from a family business to a professionally run company. Real estate developers have access to resources to pool a skilled workforce and professionals in areas such as project management, construction and engineering to meet the growing demand for a variety of urban projects, as well as to invest in a centralized hiring process.

    As part of the ambitious Pradhan Mantri Awas Yojana (PMAY) program of the Ministry of Housing and Urban Development (PMAY), the central government aims to build 20 million affordable apartments in urban areas across the country by 2022. The increase in the number of residential units in the metropolis is expected to increase the demand for commercial and retail office space.

    Currently, the urban housing shortage is estimated at 10 million units. By 2030, an additional 25 million affordable homes will be needed to keep pace with urban population growth.

    An increase in foreign direct investment in real estate in India will contribute to greater transparency. Developers are redesigning accounting and management systems to raise funds to meet prudential requirements. Indian real estate is expected to attract significant foreign direct investment over the next two years, with an inflow of $ 8 billion in fiscal year 2022.

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    PeProp.Money, tech platform for real estate to help developers raise funds, aiming $200 million transactions in first quarter

    By
    Ruchika Bhalla
    -

    Indian startup PeProp.Money to help developers raise funds by helping them connect to intent verified investors through the platform to cater to the industry in raising capital at the most affordable rates.

    “We aim to achieve $200 million worth of transactions in the first quarter of our launch”, said Divaker Bhalla, Founder, PeProp.Money.

    The company has deep understanding of the working of the real estate industry and has come up with solutions like e-signature and e-stamping, the challenges encountered while signing legal agreements between the parties.
    “Customers earlier used to be clueless for days after handing over the cheque, our platform will ease in implementing and addressing these challenges in just three days time. The customer will get his documents, brokers will get their commissions and the builders will get their share,” he said.

    The tech platform is designed observing the concerns faced in real estate industry. It provides digitally powered solutions needed by the developers, channel partners and investors for smooth business function.

    PeProp.Money is launched with 6500 strong broker base and the strength will continue to ascend. The developers will now be able to sell their projects in untouched territories through these brokers.

    PeProp.Money is a banking integrated platform that will help real estate owners, brokers and investors in ease of transaction, payment management which will help promote transparency and thus trust.

    The stakeholders use the platform to gain transparency into brokerage, leverage data insights to their benefit and monetize space to create incremental yields.

    Apart from CRM, legal management, IVR, the platform offer features like three way communication channels between builder – broker – customers which is expected to bring transparency in the real-estate transactions.

    The builders and developers can expect seamless and hassle free onboarding where they get an opportunity to build credibility with transparent and insightful open exchange of information about offers, pre-launch deals and pre-lease deals.

    The platform will also provide support to the brokers, freelancers and customers in small ticket profile funding through bnpl.

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